BitMine Seizes Market Dip to Acquire $417 Million in Ethereum
BitMine Immersion Technologies has bolstered its reserves with an acquisition of 104,336 ETH valued at $417 million.Currencies held in significant quantities by governments and institutions as part of their foreign exchange reserves.
BitMine Seizes Market Dip to Acquire $417 Million in Ethereum
BitMine Immersion Technologies has bolstered its reserves with an acquisition of 104,336 ETH valued at $417 million.Ether hits a fresh high above $4,400 after BitMine announcement
The price of Ethereum set a local high above $4,400. Gains accelerated after mining company BitMine Immersion Technologies (BMNR) announced raising an additional $20bn to purchase the asset. The firm filed a prospectus with the U.S. Securities and Exchange Commission (SEC) to expand its at-the-market equity programme. Total capacity rose to $24.5bn, including $2bn under […]
Chainlink Launches Strategic LINK Reserve, Token Surges 15% in a Day
The LINK token appreciated by 15% over the past day following the announcement of Chainlink Reserve—a strategic reserve aimed at supporting the network’s long-term development. The “digital reserves” will be replenished through project revenues from both large corporate clients and network fees. At launch, it already holds over $1 million worth of LINK. A key […]
TON Drops 8% Following Verb Technology’s Reserve Announcement
The native token of The Open Network (TON) fell by 7.9% following the announcement of plans by Nasdaq-listed Verb Technology to become the first publicly listed holder of the coin as a primary reserve asset. 15-minute chart of TON/USDT on Binance. Source: TradingView. At the time of writing, TON is trading at $3.4, according to […]
Russian Finance Ministry Urged to Establish Bitcoin Reserve
Anton Tkachev, a State Duma deputy from the New People faction, has approached Russian Finance Minister Anton Siluanov with a proposal to establish a strategic bitcoin reserve, according to a document cited by TASS. Tkachev argues that traditional currency reserves, including yuan, US dollars, and euros, are subject to volatility, sanctions, and inflation, posing a […]
Russia Dismisses Proposal for Bitcoin Reserves
Russia has no immediate plans to store budget reserves in the leading cryptocurrency. This was stated by Anatoly Aksakov, head of the State Duma Committee on Financial Markets, in an interview with Parliamentary Newspaper. He attributed this stance to the asset’s high volatility and technical characteristics. “Bitcoin is backed by private individuals, and it is […]
Tether Acquires Additional 8888 BTC, Bitcoin Reserves Reach $5.23 Billion
On March 31, the issuer of USDT, Tether, increased its bitcoin reserves by 8888 BTC ($618 million), bringing the total to 75,354 BTC ($5.23 billion). Source: Blockchain.com. With this latest transaction, the company has moved to the seventh position among the largest holders of digital gold, holding 0.359% of its supply among private and public […]
VanEck sees bitcoin rising to as much as $4.8 million if it becomes a reserve asset
Bitcoin could reach a range of $1.3 million to $4.8 million if it attains global reserve currency status. Those projections come from VanEck's analysts.
Russia’s Foreign Ministry does not rule out replacing the reserve dollar with digital assets
Russia will continue to reduce the share of the dollar in its national reserves and in settlements with other countries; in the long run it could be replaced by some digital assets.
Ex-Canadian prime minister sees Bitcoin and CBDCs contesting the dollar for reserve-currency status
Bitcoin and national digital currencies (CBDCs) could potentially bolster the basket of reserve currencies and become an alternative to the US dollar. This view was expressed by former Canadian prime minister Stephen Harper.We use cookies to improve the quality of our service.
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